Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Space with Dock Access Title is generated by Realmo AI

    1311 Spring Street, Manitowoc, WI 54220

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr $7,916/Mo (calc)

    15,200 SF industrial space with potential build-to-suit addition.

    Type:Industrial
    Property size:
    15,200 SF
    Lot size:
    12.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 18 at 8:19 am

    Property Features for 1311 Spring Street

    General Information

    Standard status
    Active
    Size
    15,200 SF
    Lot size
    12.00 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Scott Furmanski

    Listing agent Scott Furmanski

    Listing office CBRE, Inc.

    Listing date Mar 25, 2026

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.

    HighLights

    • ~1,100 LF of dock wall owned or have easement for
    • Approx. 15,200 SF with potential build‑to‑suit addition
    • 12.0 acres available
    • Cranes: (1) 5 ton bridge crane; multiple jib cranes (crane hook height approx. 22’)
    • Power: 600 amps, 480/277v
    • 12 acres for lease at $2,000 per acre

    Overview

    This property features approximately 15,200 square feet of space with the potential for a build-to-suit addition. The site encompasses 12.0 acres, excluding easements that run through the St. Marys Cement property. It includes approximately 1,100 linear feet of dock wall owned or with easement rights. The property is equipped with one 5-ton bridge crane and multiple jib cranes, offering a crane hook height of approximately 22 feet. Power is supplied by a 600 amp, 480/277v system. The 12 acres are available for lease at $2,000 per acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.6656693
    Latitude
    44.1020027

    Nearby Similar for Lease

    • $13 SF/Yr

      Manitowoc Office Space For Lease

      2,300 sq ft office space available for lease.
      920 State St, Manitowoc, WI 54220
      View Details
    • $13 SF/Yr

      High Visibility Office Space Available

      Class B office space in a rapidly developing area.
      1 E Waldo Blvd, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Office Max Available For Lease

      Free-standing Office Max available with lease in place until 2026.
      4121 Calumet Avenue | Manitowoc, WI 54220
      View Details
    • $24 SF/Yr

      Manitowoc Retail Center Lease Opportunity

      Retail space available in upcoming Manitowoc Retail Center.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Retail Space in Manitowoc

      Retail space available for lease in Manitowoc, Wisconsin.
      Calumet Ave 4530, Manitowoc, WI
      View Details
    • $13 SF/Yr

      High Visibility Office Lease Space

      Class B office space in high-traffic location near waterfront.
      1 E Waldo Blvd, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Retail Space in Manitowoc, WI

      Well-positioned retail space with flexible leasing options and high accessibility.
      1710 Washington St, Manitowoc, MA 54220
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease at 4550 Calumet Ave.
      4550 Calumet Ave, Manitowoc, WI 54220
      View Details

    FAQs

    What type of property is this?
    Specialty property - 15,200 SF industrial space with potential build-to-suit addition.
    Where is this specialty property located?
    The property is located at 1311 Spring Street Manitowoc, WI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: ~1,100 LF of dock wall owned or have easement for; Approx. 15,200 SF with potential build‑to‑suit addition; 12.0 acres available
    (414) 273-0880
    We can help!
    Listing Contact
    Scott Furmanski
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1311 Spring Street, Manitowoc, WI, 54220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!